Solutions for Trusts - Access Capitol Bank

Reserve Account for Trusts

A current account for trusts that is available to be held in sterling allowing up to 30 day-to-day transactions*per month without incurring a transaction fee. A minimum opening deposit of £5,000 is required. No interest is paid on balances below £100,000.

*Day to day transactions on this account are: cheque withdrawals; cash machine withdrawals; cash withdrawals over-the-counter; Visa Deferred-Debit Card purchases including recurring transactions; Standing Orders, Direct Debits; bill payments and electronic payments.

Asset 30 Account - Issue Three

An account that offers an enhanced rate of interest on a business's cash funds, providing that 30 days' notice can be given for each intended withdrawal. One penalty free withdrawal per annum is also permitted providing the balance is over £5,000. The minimum opening deposit is £5,000 per account with a minimum balance of £5,000 to be maintained in each account. If the account balance falls below the £5,000 minimum required, a charge of £15 will be applicable in each calendar month that the balance is below the minimum.

Interest is only paid on balances that remain at £5,000 or more. Clients can select to have the monthly interest credited to another linked account so that it may be accessed more easily (providing the balance remains above £10,000).

Term Deposit Account

For Trusts with funds of £50,000 or more Access Capitol Bank can offer fixed term deposits between 3 months and 36 months, with an interest rate which is fixed on the day of deposit. Interest rates are fixed on the day of deposit and interest is paid out at maturity.

Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of Access Capitol Bank Limited. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.